Rosie also believes having multiple accounts is a good thing, but make sure you do your research first.

She said: ''There’s nothing wrong with having multiple accounts – many people juggle 10+ to make use of interest offers or other perks – as long as you’re happy you won’t lose track of your money.

"Just make sure you don’t apply for lots of new ones in the run-up to other big credit applications like a mortgage, as this could hurt your chances of being accepted.''

THINGS TO REMEMBER BEFORE SWITCHING ACCOUNTS

WE spoke to Savings Champion, independent savings advice site, about what to look out for when switching. Here are their top tips.

Interest rates

Some bank accounts offer better rates than savings accounts. These are ideal accounts to hold funds as a backup or for a rainy day, as your money will accrue interest while it is sat there.

Loopholes

The main thing to be aware of here is that there are usually hoops to jump through in order to receive the headline rates, such as a minimum monthly payment into the account, but this can be covered by using standing orders from other accounts to save hassle – the return may well be worth the effort.

Search thoroughly

It is always a good idea to look at what else is available, banks want your business and there are a number of incentives and extras to entice people in if you're prepared to put the work in.

More options the better

It could be worth looking at accounts that offer multiple ways of accessing your money, such as branches or telephone/mobile, in addition to online banking, as this gives you more options should the worst happen and you are unable to use your account online.

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